Poster valen1828
link Post #:56179865
A back test of tlx from 15.11/17
How far do you go back when doing them ?
Have been thinking just as far as the last major correction makes sense but anyway this week we have gone back as far when the stock started on the chart program and the moving average we will be shining is the forty day linear it light blue . Just one line, to buy you place a trade when the line comes under the price and to sell you do the opposite when the price goes over the line .
We also use it as an indicator of the candles and patterns they have when crossing the line as a kind of extra pointer to what else maybe happing . With three other linear trends lines the 21 day, hundred day and two hundred day
Start of chart looks like this with all the averages .
We will use arrows of the possible trades and this stock just shows up so easily my thoughts many stocks just no chance back testing this and we scan around this line when looking for stocks . Its an under over method of the price line . Ie buy when comes under as a pilot if the pattern is suiting and use the price line cross with the candle sticks around the area
Series of screen shots just follow the blue line as if your buying selling along the way using the green and red arrows . I may not be able do all the charts because of size but anyway had them as thumbnails they don't work for this collation of stuff so see link to post if wanting the whole series .
Just a simple back test of a one line method . Current one thousand invested portfolio. A trade could have been done since . 19/10/21
